Global Markets:
● Asian Stock Markets : Nikkei down 2.98%, Shanghai Composite down 0.82% Hang Seng down 1.14% ASX down 1.05%
● Commodities : Gold at $4,353.01 (-0.09%) Silver at $64.260 (-1.60%), Brent Oil at 95.31 (4.06%), WTI Oil at 90.52 (0.33%)
● Rates : US 10-year yield at 4.808, UK 10-year yield at 5.2248, Germany 10-year yield at 3.3387
News & Data:
● (AUD) Company Operating Profits q/q
1.8% to 2.0% expected
Markets Update:
U.S. stock futures were nearly flat early Wednesday after rising oil prices and Treasury yields pushed Wall Street lower for a third consecutive session.
Dow Jones Industrial Average futures gained 14 points, while S&P 500 futures were marginally lower. Nasdaq 100 futures slipped 0.3%.
Asian markets also faced heavy selling. Japan’s Nikkei 225 dropped 2.80%, while the Topix fell 2.18%. South Korea’s Kospi declined 3.59%, and the Kosdaq lost 1.49%. Australia’s S&P/ASX 200 slipped 1.17%. Hong Kong’s Hang Seng Index fell 0.96%, while mainland China’s CSI 300 declined 1.25%.
On Wall Street, the Dow dropped more than 400 points, while the Nasdaq Composite fell about 1%, pressured by weakness in technology stocks.
Oil prices added to market concerns. West Texas Intermediate crude climbed above $90 a barrel on Tuesday, reaching its highest level since late July after the U.S. launched additional military strikes on Iran, increasing fears of further escalation in the Middle East.
Meanwhile, the U.S. 10-year Treasury yield reached its highest level since early 2025, intensifying concerns about a broader global bond-market selloff.
Investors will focus Wednesday on ADP private payrolls, factory earnings and the Federal Reserve’s Beige Book. After the close, earnings are due from Hewlett Packard Enterprise, Snowflake and Broadcom.
Upcoming Events:
● 2:00 PM GMT – NZD Official Cash Rate
